![2019 First Quarter Market Thoughts.](https://www.nepc.com/wp-content/uploads/2021/04/2019-Q1-Market-Thoughts-scaled.jpg)
In NEPC’s Quarterly Market Thoughts, we examine the market rally fueled by the Fed’s dovish stance, a marked shift from the central bank’s previous plan to tighten monetary policy. First-quarter performance of global equities, fixed income and real assets are also discussed.